Page 366 - The Digital Financial Services (DFS) Ecosystem

Ecosystem
A provider (bank or non-bank) who supports merchants or other
customers. The term "acquirer" is used specifically in connection
ulators, and Consumer Protection Authorities are all regulators
law to set and enforce standards and practices. Central Banks,
An organisation that creates standards used by providers, pay-
Finance and Treasury Departments, T elecommunications Reg-
payments acceptors requirements to receive payments from
An enterprise which sells goods or services and receives pay-
A governmental organisation given power through national
with acceptance of card payments transactions.
ments schemes, and payments systems.
involved in digital financial services.
Alternative and Related T erms Definition An entity that is not a chartered bank, but which is providing Payments Institution, Alternative Lender financial services to end users. The requirements of non-banks to do this, and the limitations of what they can do, are specified by national law. A provider (bank or non-b
Issuer , Provider Acquirer EMV , ISO, ITU, ANSI, GSMA Payments Acceptor Receiver Sender

T erm

(continued) Non-Bank eMoney Issuer Merchant Service Provider Regulator Standards Body Merchant Mobile Network Operator Money Transfer Operator Participant Payee Payer

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